Sequoia Financial Advisors LLC Boosts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Sequoia Financial Advisors LLC boosted its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,518 shares of the aerospace company's stock after purchasing an additional 232 shares during the period. Sequoia Financial Advisors LLC's holdings in TransDigm Group were worth $8,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TDG. Erste Asset Management GmbH purchased a new position in TransDigm Group in the third quarter valued at about $29,000. Capital Advisors Ltd. LLC increased its holdings in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares in the last quarter. Trust Co. of Vermont increased its holdings in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc increased its holdings in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares in the last quarter. Finally, Sachetta LLC increased its holdings in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the transaction, the director now owns 98,185 shares in the company, valued at approximately $132,138,354.85. The trade was a 28.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 123,594 shares of company stock worth $164,002,398 in the last quarter. 4.09% of the stock is owned by insiders.

TransDigm Group Price Performance

TDG stock traded up $3.53 during midday trading on Thursday, hitting $1,328.90. The stock had a trading volume of 267,793 shares, compared to its average volume of 260,581. The firm has a market cap of $74.53 billion, a PE ratio of 46.87, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The company's 50-day moving average price is $1,324.84 and its 200 day moving average price is $1,327.01. TransDigm Group Incorporated has a 12-month low of $1,163.82 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $7.16 EPS. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Citigroup raised their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,472.47.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.